Golden Finance reports that in the wave of continuous innovation and development of blockchain technology, exciting news has come from Layer 2 blockchain RISE Chain. Recently, RISE Chain officially announced the completion of a new round of financing of 4 million US dollars, injecting strong impetus into the advancement of its projects. This financing has attracted the participation of Galaxy Ventures, the venture capital arm of the well-known investment institution Galaxy Digital. This move not only demonstrates Galaxy Ventures’ high recognition of the potential of the RISE Chain project, It has also added significant impetus to RISE Chain in the highly competitive blockchain market.
Since the project was launched, RISE Chain has successfully raised multiple rounds of funds. This financing of 4 million US dollars has pushed its total financing amount up to 8 million US dollars. These funds will be precisely invested in key areas, and the primary goal is to fully promote the launch process of the RISE Chain mainnet. RISE Chain is committed to building a blockchain with high throughput and low latency characteristics to address the performance challenges currently faced by the blockchain industry. In the current blockchain ecosystem, with the continuous expansion of application scenarios and the sustained growth of the number of users, many blockchain networks are confronted with problems such as transaction congestion and slow processing speed, which seriously affect the user experience and the wide promotion of applications. RISE Chain expects to break through these performance bottlenecks through technological innovation and optimization.
From a technical perspective, RISE Chain adopts a series of advanced architectures and solutions. It combines the Block-STM optimistic parallel execution architecture and the Based Rollup decentralized sorting scheme. This innovative combination provides a technical guarantee for achieving high throughput and high concurrent transaction processing. The Block-STM optimistic parallel execution architecture can process transactions in parallel to a certain extent, greatly improving the efficiency of transaction processing. The decentralized sorting solution Based Rollup ensures the fairness and decentralization of transaction sorting while maintaining high compatibility with the Ethereum ecosystem. This means that numerous applications and smart contracts developed based on Ethereum are expected to achieve more efficient operation on the RISE Chain, further expanding the application boundaries of the Ethereum ecosystem.
RISE Chain has previously received a lot of attention and support. As early as in the seed round investment, investors including Vitalik Buterin were attracted to participate. Although Vitalik Buterin’s personal investment share might not be high, his participation brought extremely high industry recognition to RISE Chain. The participation of Galaxy Ventures this time has injected new vitality into the development of RISE Chain. Galaxy Ventures, as the investment arm of the renowned investment institution Galaxy Digital, has extensive experience in the fields of digital assets and blockchain technology. Its investment portfolio covers numerous innovative blockchain projects. Such as 1Inch, Axelar, Polygon, Cosmos and Fibeblock, etc. The professional capabilities of Galaxy Ventures in multiple business areas such as asset management and investment banking will provide all-round support for RISE Chain, from capital injection to strategic planning, and then to the connection of industry resources, helping RISE Chain accelerate the realization of its goals.
With the upcoming launch of the mainnet, RISE Chain is expected to bring a brand-new blockchain experience to developers and users. For developers, a blockchain environment with high throughput and low latency means being able to develop more innovative and efficient applications and smart contracts, and expand business boundaries. For users, they will enjoy a faster transaction confirmation speed, lower transaction fees, and an enhanced experience in blockchain applications. In the future, if RISE Chain can successfully achieve its technical goals and realize stable operation with high throughput and low latency, it is expected to occupy an important position in the Layer 2 blockchain race and compete with other competitors such as Arbitrum and Optimism. Promote the entire blockchain industry to develop in a more efficient and convenient direction. The market will also continue to pay attention to the performance of the RISE Chain mainnet after its launch, as well as its actual achievements in promoting the application and implementation of blockchain technology.
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